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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
July 29, 2004 at 08:00 PM
NU Online News Service, July 29, 2004, 5:42 p.m. EDT
The growing popularity of limited-benefit “mini medical” health plans contributed to higher second-quarter earnings at UICI, North Richland Hills, Texas.[@@]
The multiline insurer is reporting $42 million in net income for the latest quarter on $512 million in revenue, up from $6.8 million in net income on $431 million in revenue for the second quarter of 2003.
UICI sells life insurance, products for self-employed Americans, and group insurance products for college students and low-income workers.
The students who hold the college health insurance policies have been filing more claims than UICI had expected, but the loss ratio at the self-employed agency division fell to 51%, from 61%.
The Star HRG Division, the UICI division that sells mini medical plans and related products, increased its revenue 34%, to $40 million.
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